Spear Group has been acquired by Constantia Flexibles

May 2013. Constantia Flexibles Group, headquartered in Vienna, Austria, has signed  a deal to acquire Spear Group – one of the leading manufacturers of labels globally. Acxit Capital Management – now part of ACXIT Capital Partners – acted as exclusive financial advisor to Spear Group in this transaction.

Spear Group Constantia

“We will be able to serve our customers even better together with Spear, a leading beverage labels business with a highly attractive, global, blue-chip customer base. The Group’s outstanding technological capabilities present many opportunities for continued profitable growth. We look forward to partnering with Spear’s excellent management team to capture the benefits from combining our businesses.”

– Thomas Unger, CEO of Constantia Flexibles

Spear has been the world’s leading innovator and supplier of pressure sensitive labels for the beverage industry since 1982. The company has sales of approximately US$ 195 million with 650 employees located at four facilities in North America, one site in Europe (Wales/UK), one site in South Africa and a sales office in Singapore.  Additionally, Spear has an increasingly growing business which provides re-sealable products primarily for the food and snack markets.

“We are excited by the increased opportunities that Spear will be able to offer our customers by joining forces with Constantia Flexibles. This combination will enhance our leadership position in the technological development of pressure sensitive labeling for primary brand decoration.”

– Rick Spear, CEO of Spear

The acquisition is part of the international growth strategy of Constantia Flexibles and constitutes a strong basis for further growth and expansion in the global labels market. The parties agreed not to disclose the  price of the transaction. The acquisition is subject to regulatory approval.

About ACXIT Capital Partners

ACXIT Capital Partners is a leading international corporate finance and investment advisory firm for mid-market clients and entrepreneurs in Europe and beyond. Since 1998, we offer our clients comprehensive corporate finance advisory services including M&A and capital markets advisory as well as restructuring, debt and strategic advisory. As an independent, privately owned firm we maintain offices in Frankfurt, Berlin, Munich, Zurich, Vienna and Hong Kong as well as strong alliances in China, India and the USA.

To date, we have completed more than 350 transactions with a total deal/financing volume of approx. EUR 17bn. Our clients are corporations, family-owned businesses, entrepreneurs, financial sponsors and family offices. While our home market is in the German speaking region, most clients are international and transactions cross-border. (www.acxit.com)

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Dr. Ingmar Ackermann, Managing Partner
E-mail: Ackermann@acxit.com

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